1 week Ago By Defense World Staff
Geode Capital Management LLC lifted its stake in AZZ Inc. (NYSE:AZZ – Free Report) by 0.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The firm owned 675,842 shares of the industrial products company’s stock after purchasing an additional 239 shares during the period. Geode Capital Management LLC owned approximately 2.26% of AZZ worth $55,378,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in AZZ. US Bancorp DE raised its holdings in AZZ by 39.0% during the fourth quarter.
US Bancorp DE now owns 463 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 130 shares during the last quarter. Smartleaf Asset Management LLC raised its position in AZZ by 202.5% during the fourth quarter.
Smartleaf Asset Management LLC now owns 475 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 318 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of AZZ by 32.4% in the fourth quarter.
Farther Finance Advisors LLC now owns 515 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 126 shares during the last quarter. KBC Group NV lifted its stake in AZZ by 50.8% in the 4th quarter.
KBC Group NV now owns 1,244 shares of the industrial products company’s stock valued at $102,000 after buying an additional 419 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of AZZ in the fourth quarter valued at $214,000.
Hedge funds and other institutional investors own 90.93% of the company’s stock. AZZ Price PerformanceAZZ opened at $81.
85 on Monday. The company has a current ratio of 1.77, a quick ratio of 1.
26 and a debt-to-equity ratio of 0.85. The company has a fifty day simple moving average of $88.
97 and a 200 day simple moving average of $86.36. The firm has a market cap of $2.
45 billion, a price-to-earnings ratio of 55.30, a PEG ratio of 1.32 and a beta of 1.
22. AZZ Inc. has a twelve month low of $69.
59 and a twelve month high of $99.49. AZZ Announces DividendThe firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th.
Shareholders of record on Thursday, April 24th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, April 24th.
This represents a $0.68 annualized dividend and a yield of 0.83%.
AZZ’s dividend payout ratio is presently 45.95%. Analyst Upgrades and DowngradesSeveral equities analysts recently issued reports on the stock.
Noble Financial reissued an “outperform” rating on shares of AZZ in a research note on Thursday, March 6th. Roth Mkm started coverage on shares of AZZ in a research note on Tuesday, February 11th. They set a “buy” rating and a $108.
00 price objective for the company. Sidoti raised shares of AZZ from a “neutral” rating to a “buy” rating and set a $101.00 price target for the company in a research report on Wednesday, April 9th.
Roth Capital raised shares of AZZ to a “strong-buy” rating in a research note on Tuesday, February 11th. Finally, B. Riley boosted their price target on AZZ from $99.
00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock.
According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $100.71.
View Our Latest Analysis on AZZAZZ Company Profile (Free Report)AZZ Inc provides hot-dip galvanizing and coil coating solutions in North America. It offers metal finishing solutions for corrosion protection, including hot-dip galvanizing, spin galvanizing, powder coating, anodizing, and plating to steel fabrication and other industries, as well as to fabricators or manufacturers that provide services to the transmission and distribution, bridge and highway, petrochemical, and general industrial markets; and original equipment manufacturers.Featured StoriesFive stocks we like better than AZZQuiet Period Expirations ExplainedIs McDonald’s Stock Serving a Value Meal to Investors? Most Volatile Stocks, What Investors Need to KnowWalgreens Comeback? Private Equity Circling for a BuyoutHow the NYSE and NASDAQ are Different, Why That Matters to InvestorsCoca-Cola Stock Looks Refreshing After the Relief Rally.
